IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-53879-6_9.html
   My bibliography  Save this book chapter

Systemic Risk (II): Property-Market Bubble

In: China’s Impossible Trinity

Author

Listed:
  • Chi Lo

    (Economic Strategist)

Abstract

Compared with its shadow-banking and local government debt, China’s property market correction (which started in 2013 and is ongoing at the time of writing) is potentially a much bigger risk to both the domestic and global economies. Arguably, it is also China’s biggest policy challenge during its financial transformation as macro policy cannot tackle the micro problems in the sector, where there is no property bubble on a national scale but only bubble pockets in large cities. Aggravating this challenge is structural reforms, which are increasing financial stress in the property sector. If Beijing mishandles the property market risk, its correction could easily crush the economy, thus derailing structural reforms that are needed to transit towards a market-orientated system as the Impossible Trinity unfolds.

Suggested Citation

  • Chi Lo, 2015. "Systemic Risk (II): Property-Market Bubble," Palgrave Macmillan Books, in: China’s Impossible Trinity, chapter 9, pages 146-165, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-53879-6_9
    DOI: 10.1057/9781137538796_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-53879-6_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.